Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Truth-In-Lending Act (TILA)

FreddieMac

Updated 10-31-2026

Truth-In-Lending Act (TILA)

Federal law that requires disclosure of a truth-in-lending statement for consumer loans. The statement includes a summary of the total cost of credit, such as the APR and other specifics of the loan.

FreddieMac Glossary

FreddieMac · p. 13

FTC

Updated 10-31-2026

Truth-In-Lending Act (TILA)

A fed-eral law that requires disclosure of a truth-in-lending statement for consumer credit. The statement includes a sum-mary of the total cost of credit, such as the annual percentage rate (APR) and other specifics of the credit.

FTC Real Estate Terms

FTC · p. 17

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